Polygreen Resources Co., Ltd. (8423) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Polygreen Resources Co., Ltd. stock TWD 13.05, price TWD 17.80, that is 26.7% below the price, quality 34 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Polygreen Resources Co., Ltd.
8423 · TWOOur calculation puts a fair price 27% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 11.63 TWD – 26.17 TWD · fair‑value band 9.52 TWD – 17.67 TWD · the 17.80 TWD price screens above the 13.05 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Company profile
Polygreen Resources Co., Ltd., an investment holding company, engages in resource recycling and environmental protection business in Taiwan, Japan, China, Philippines, Vietnam, Indonesia, the Middle East, Singapore, and internationally.
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The company manufactures and sells Tyrec, a tyrec reclaimed rubber for use in tires, conveyor belts, inner tubes, ring pads, rubber matting, shoe soles, vibration pads, dock fenders, and other rubber products; and Burec, a butyl reclaimed rubber for use in butyl inner tubes, tire inner liners, butyl adhesives, and other butyl rubber-related products Its products also comprise T-Mesh, a crumb rubber for use in various applications in rubber products as compounding substitute, such as tire, ring pads, and rubber matting; and rubber granules that are recycled from the tire and industrial rubber waste that is used in the underlayment for running tracks, children's playgrounds, gym, and rubber tiles.
The company also exports its products. It serves manufacturers in the tire and conveyor-belt industries. The company was founded in 1988 and is headquartered in Grand Cayman, the Cayman Islands.
Stock analysis
Polygreen Resources Co., Ltd. (8423) currently trades at 17.80 TWD, while our model-based Fair Value estimate is 13.05 TWD, 27% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 17.46 TWD per share, and 3 of the 16 models we run sit above the 17.80 TWD price.
Bear case: the Earnings-Based group reads lowest at 8.46 TWD, and 13 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.52 TWD (bear) to 17.67 TWD (bull), the price of 17.80 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Polygreen Resources Co., Ltd. reported revenue of 377M TWD in FY2025 versus 269M TWD in FY2021, a compound +8.8%/yr. Reported net income was 30.5M TWD in FY2025, compounding +14.1%/yr from FY2021.
Key figures
Market cap 743M TWD (≈ $22.6M) Micro · P/E ratio 16.6 · P/S ratio 1.88 · EPS (TTM) 1.07 TWD · Dividend yield 3.9% · Net margin 11.3% · Return on equity 7.5% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at −27%, 8423 screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
8423 screens overvalued: fair value 27% below the price. Compare with O'Reilly Automotive, Inc →
Compare Polygreen Resources Co., Ltd. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 655 stocks
Valuation Multiplesvs Auto Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- Stock screener with 62 metrics
- Undervalued stocks: Consumer Cyclical
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Magna International Inc MGA | $61.86 | $98.98 | +60% | vs 8423 |
| Hyundai Mobis Co 012330 | 349,000 KRW | 534,994 KRW | +53% | vs 8423 |
| Genuine Parts Company GPC | $122.80 | $115.96 | −6% | vs 8423 |
| Knorr-Bremse AG KBX | €94.45 | €72.88 | −23% | vs 8423 |
| AutoZone, Inc AZO | $3,216 | $2,468 | −23% | vs 8423 |
| Fuyao Glass Industry Group 600660 | ¥55.92 | ¥40.74 | −27% | vs 8423 |
| Ningbo Tuopu Group 601689 | ¥44.71 | ¥32.24 | −28% | vs 8423 |
| Samvardhana Motherson International Limited MOTHERSON | ₹158.55 | ₹96.06 | −39% | vs 8423 |
| O'Reilly Automotive, Inc ORLY | $89.89 | $48.66 | −46% | vs 8423 |
| Bosch Limited BOSCHLTD | ₹50,700 | ₹25,168 | −50% | vs 8423 |
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Key figures of Polygreen Resources Co., Ltd.
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